Lot 950: Oriental Republic of Uruguay, Trans-Continental Railway Co. 1916 Specimen Bond.
October 25, 2016
Fort Lee, NJ, USALive Auction
Description: Uruguay. 1916. Specimen bond. $500 U.S.Gold. External Debt 5% Gold Bond, 1915. green border and undertint. Arms of Uruguay flanked by speeding locomotives. Red specimen overprint, "0000" serial numbers and POC's. XF condition. Coupons attached. Rare and attractive bond. ABNC. One of four found in archive. Detailed information of the contract between Uruguay and the railroad is listed on the back. It seems they had previously agreed to a takeover in their original contract and this bond represents that takeover. It did not sound adversarial in nature.